Wednesday, July 7, 2010

U.S. Government Spending NOT Responsible For U.S. Government Debt.

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Now, before the government can spend, it must borrow.
It's the borrowing that creates the debt and unpayable interest.


NEWSFLASH:
The U.S. Government does NOT have to borrow!

See: U.S. Constitution, Article 1, Section 8.
Congress has the ability to make its own money; why should it borrow any?

How It Is Now: First the borrowing ---> that creates the debt ---> then the spending.
Don't let them confuse you by saying that the "spending" creates the debt - it does not.
Borrowing creates the debt.
Don't get the cart before the horse.

How It Should Be: Eliminate the borrowning! ---> no debt ---> Congress creates the money to spend for what we need (complete value-added infrastructure rebuild) ---> production (the stuff we need) keeps pace with new money entering the system ---> no price inflation ---> prosperity for Americans.

It's as simple as getting rid of the parasitic, debt-based, Ponsi scheme, that they call our monetary system and replacing it with an honest, wealth-based money system that issues final payment, not debt (debt cannot be final payment!).
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This is the bill that would change it in Minnesota: THE BILL

Your state could do the same.